Swiss renewable energy developer Axpo has signed a power purchase agreement (PPA) with EDF Renewables Hellas, the Greek subsidiary of EDF Renewables, for 102MW of solar capacity.
Under the deal, EDF will supply all electricity generated at its Skala Korinis and Loutsa solar projects in Greece to Axpo.
While Axpo has not disclosed how it plans to use the acquired electricity, the company has signed several PPAs for solar power in Europe this year.
These include an agreement with British Solar Renewables in January and three PPAs covering 60MW of capacity in Hungary in March.
“This agreement reinforces Axpo’s ability to provide innovative and tailored renewable energy solutions across central and south-eastern Europe,” said Vasilis Machias, managing director of Axpo Greece.
EDF Renewables has expanded its European portfolio significantly in 2024, commissioning 3.2GW of new solar and wind projects and achieving a 6.7% year-on-year increase in annual capacity additions.
This growth has brought its global operating renewable capacity to 114GW. In Greece, EDF Renewables Hellas is reported by Axpo to have an “estimated potential capacity” of 4.5GW across various renewable technologies.
However, challenges remain for EDF in solar manufacturing. Earlier this year, the company closed its solar manufacturing subsidiary, Photowatt, after over a decade of operation, following an unsuccessful attempt to find a buyer.
Efforts to boost solar manufacturing continue elsewhere in Europe. Austria has introduced a “Made in Europe” bonus for solar and storage projects using European-made components. At the same time, Chinese firm DAS Solar has begun constructing a 3GW solar module plant in France.
